Lifting a leg

Lifting a leg
Closing out one side of a long-short arbitrage before the other is closed.
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See: Lifting a leg. Leg up Used in the context of general equities. (1)Have a portion of the offsetting side of a trade in your pocket (spoken for) so your capital risk in the transaction is reduced.

Refers to over-the-counter trading. Having an offer taken in a stock, followed by the market maker raising the offer price.
Lifting a leg
Closing out one side of a long-short arbitrage before the other is closed.
Lighten up ...

See also: Other capital, Legal investments, Bank loans, Legal defeasance, Legal capital